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PQ2/5 Summary financial information for Gandaulf Company is as follows. Compute the amount and percentage changes in 2020 using horizontal analysis, assuming 2019 is the

PQ2/5 Summary financial information for Gandaulf Company is as follows. Compute the amount and percentage changes in 2020 using horizontal analysis, assuming 2019 is the base year. (Enter negative amounts and percentages using either a negative sign preceding the number e.g. -45, -45% or parentheses e.g. (45), (45%). Round percentages to 2 decimal places, e.g. 1.25%.)

Increase (Decrease) in 2020

December 31, 2020

December 31, 2019

Amount

Percent

Current Assets

$199,500

$210,000

$enter a dollar amount

enter your answer in percentages rounded to 2 decimal places %

Plant Assets

845,300

790,000

enter a dollar amount

enter your answer in percentages rounded to 2 decimal places %

Total assets

$1,044,800

$1,000,000

$enter a total of the two previous amounts

enter your answer in percentages rounded to 2 decimal places %

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